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US President Donald Trump keeps minimum reciprocal tariff at 10% - Bloomberg

The White House stated that US President Donald Trump will keep minimum global tariff rates at 10%, resisting prior suggestions he could raise the floor to 15% or higher, Bloomberg reported late Thursday.  

Additional takeaways

US set a baseline tariff rate of 10%. 

US set 20% tariff on goods from Taiwan, 39% from Switzerland.

US signs separate order increasing Canada rate to 35%

US to impose 19% tariffs on goods from Thailand and Cambodia. 

Malaysia also lands at 19%. That rate is on par with what the Philippines and Indonesia got in their previously announced deals.

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